Scott David Malkin (born 1959) is the founder of the Value Retail
Plc and co-owner of the
New York Islanders
New York Islanders professional hockey
1.1 New York Islanders
2 Personal life
4 External links
Malkin was born to a Jewish family, the son of Isabel (née Wien) and
Peter L. Malkin. His father is a real estate investor in New York who
owned the Empire State Building. His grandfather, Lawrence Wien, was
also a real estate investor who pioneered the real estate syndication.
He was raised in Connecticut and received degrees from Harvard
Harvard Law School
Harvard Law School and Harvard Business School. In 1990,
he sold his retail store concept, 2 Rodeo Drive in Beverly Hills,
California to the Japanese department store operator
Sogo and then
moved to London where in 1992, he founded Value Retail Plc. With
Value Retail, he leveraged his experience in selling luxury goods and
meshed it with the American outlet mall concept creating an
alternative operating model to the traditional European shopping
center. Value Retail focused on establishing outlet centers in the
outskirts of large cities. The fashion brands pay 12.5 per cent of
annual turnover for the privilege of selling excess stock in one of
their village outlet centers. Although criticized from taking
business from smaller retail stores in urban centers, the outlet
centers only sell brand name goods that are a year old or older. As
of 2014, Value Retail had nine "villages" in Europe near London,
Milan, Munich, Dublin, Barcelona, Madrid, Paris, Brussels, Antwerp,
Cologne, Düsseldorf, and Frankfurt. He is expanding to China in
2015 with two new villages in
Suzhou and Shanghai. By 2011, Value
Retail had $1.5 billion in sales.
New York Islanders
In October 2014, it was announced that he and his former college
Jon Ledecky would purchase the New York Islanders
professional hockey team from Charles Wang.
In 1984, he married Laura Rice Russell. His sister, Cynthia Allison
Malkin, is married to
Richard Blumenthal who was elected as a United
States Senator of Connecticut in 2011.
^ a b c d e Leibensmittel Zeitung: "
Talk with Value Retail Chairman
Scott Malkin" by Mike Dawson April 22, 2010
^ ESPN: "NHL approves Islanders sale" By Katie Strang October 1, 2014
^ a b New York Times: "Scott Malkin, founder of Value Retail Plc"
March 10, 2009
^ a b Value Retail website: "The Villages" retrieved October 24, 2014
^ Forbes: "Value Retail's Scott Malkin and Father, Malkin Holdings'
Peter Malkin: Is Entrepreneurship Inherited?" May 6, 2011
^ Newsday: "Islanders' sale from
Charles Wang to Jonathan Ledecky,
Scott Malkin finalized" By NEIL BEST October 9, 2014
^ New York Times: "S.D. Malkin, Miss Russell Plan to Wed" January 22,
^ New York Times: "Miss Malkin Plans Bridal" November 29, 1981